We’re about halfway into Q3. Nowcasts put equipment and structures investment — particularly forward looking investment — at near flat relative to Q2.
Figure 1: Equipment and Structures investment (blue line, left log scale), GDPNow nowcast of 8/7 (light blue square), both in bn.Ch.2017$ SAAR; EPU (news) (red, right scale). Source: BEA, Atlanta Fed (8/7), policyuncertainty.com, and author’s calculations.
See what consumer durables are doing, here.
Thanks, Drumpf!
